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5 proven reasons not to start a business on loan
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[QUOTE="Lyrrex, post: 73601, member: 17245"] It's never a professional advice to start a new business with a loaned money. From my own personal experience, my elder brother got a loan of about $30k from a bank to start a fast food and restaurants in the a major outskirt of town. Just two months of setting up the business, the covid-19 pandemic bursted and all the businesses were on a pause. Now business had resumed, but he has less than 7months to pay up the loan or have is land would be taken by the bank. [/QUOTE]
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5 proven reasons not to start a business on loan
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